"The CIS Economic Court performs its functions to ensure the implementation of economic obligations within the Commonwealth.

The CIS Economic Court resolves disputes arising in connection with implementation of economic obligations. The court may resolve other disputes referred to it by agreements of the Member States.

Economic court may interpret the provisions of agreements and other acts of the Commonwealth on economic issues.

The CIS Economic Court performs its functions in accordance with the Agreement on the Status of the Economic Court and its Statute approved by the Council of Heads of State."

In accordance with the Regulations of the CIS Economic Court (hereinafter referred to as “the Regulations”) structure, functions and powers of the CIS Economic Court are determined by international agreements and the Regulations. The dispute resolution procedure is established by the Rules approved by the Plenum of the CIS Economic Court.

The jurisdiction of the CIS Economic Court includes the resolution of international economic disputes:

arising from the implementation of economic obligations envisioned by agreements, decisions of the Council of Heads of State, Council of Heads of Government (hereinafter - the acts of the Commonwealth) and other CIS institutions;

concerning the conformity of normative and other acts of Member States of the Commonwealth on economic issues with the agreements and other acts of the Commonwealth.

Paragraph 2 of item 3 of the Regulations expands the jurisdiction of the CIS Economic Court over other disputes involving implementation of the agreements and other acts of the Commonwealth adopted on their basis.

As of March 2014, 37 treaties containing a clause on jurisdiction of the CIS Economic Court have been concluded under the auspices of the Commonwealth.

Inclusion of jurisdictional clauses into treaties has led to broadening of the CIS Economic Court competence and increased the number of States that are eligible to apply to the CIS Economic Court.

Thus, the States Parties to the Treaty on the establishment of an Economic Union, of September 24 1993 (including Republic of Azerbaijan, Armenia, Georgia, Turkmenistan that are not States Parties to the Agreement on the status of the CIS Economic Court, of July 6 1992), pledged to resolve disputes in respect to interpretation and implementation of the present Treaty by means of negotiations or through the CIS Economic Court (Article 31).

The CIS Economic Court shall concider disputes on the application of the States Parties represented by its competent authorities or institutions of the Commonwealth.

The CIS Economic Court shall not reject a case even if there is a legal gap or legal uncertainty.

Based on trial results the CIS Economic Court makes a decision on (non-)violation by a State Party to treaties or other acts of the Commonwealth/ the CIS institutions and defines measures to be assumed by a State to rectify violations and consequences of such violations. A transgressing State shall ensure the implementation of the CIS Economic Court’s decision .

The CIS Economic Court’s decision must conform to agreements and other acts of the Commonwealth as well as to other applicable normative acts.

The CIS Economic Court may interpret:

the provisions of agreements and other acts of the Commonwealth and its institutions;

the legislative acts of the former Soviet Union which apply within time limits defined by the mutual agreement of the parties, including the very possibility of its application as being consistent with agreements and other acts of the Commonwealth based on such agreements.

The interpretation may be given by rendering judgments in specific cases as well as by issuing abstract opinions at the request of the highest authorities of member states, their highest economic and commercial courts, or CIS institutions.

The CIS Economic Court has a right to request all the necessary materials for cases from authorities of Member States, entities and officials. Requests of the CIS Economic Court made within its competence are obligatory.

Legal proceedings in the CIS Economic Court shall be conducted in the language of interstate communication, accepted in the Commonwealth.

There is no fee for submitting an application to the CIS Economic Court. Costs of litigation defined by the CIS Economic Court shall be paid by a party committed a violation or groundless brought a legal action.

The CIS Economic Court decisions and its Plenum decisions shall be published by printed matters of the Commonwealth and in the media of the States Parties to the Agreement on the status of the CIS Economic Court, of July 6 1992.

Legal proceedings in the CIS Economic Court shall be carried out in accordance with the Regulations.

The CIS Economic Court’s activity is guided by:

the Agreement on the status of the CIS Economic Court, of July 6 1992;

the Charter of the Commonwealth of Independent States of January 22 1993;

the Treaty on the establishment of an Economic Union, of September 24 1993;

other agreements concluded under the auspices of the Commonwealth;

acts of the Commonwealth;

general principles of international law;

the Regulations and other acts regulating the CIS Economic Court’s activity.

According to the Regulations, a party of an action initiated in the CIS Economic Court and willing to settle a dispute amicably, shall make an appropriate request to the CIS Economic Court with any fixed communication tool. Such request may be sent by a party, whose rights and interests are violated, by a responding party, as well as by both parties simultaneously. Such request shall contain a specified period of time for conciliation proceedings.

Collegium of the CIS Economic Court must take measures to resolve a dispute through conciliation within a suggested period of time, but not more than three months. During conciliation proceedings the Court postpones the consideration of a dispute.